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News
17/07/26

Possible Jones Act waiver extension prompts backlash

Possible Jones Act waiver extension prompts backlash

New York, 17 July (Argus) — The US domestic maritime industry is reacting to rumors that US president Donald Trump's administration is considering extending the suspension of domestic shipping requirements under the Jones Act for a second time before its 90-day extension ends on 16 August. The Trump administration issued the Jones Act waiver, which allowed foreign flagged and owned vessels to carry US-to-US shipments in place of US-flagged, US-owned and US-crewed vessels, on 17 March on national security grounds and later extended it by 90 days. But some of the voyages conducted under the waiver have been criticized by the domestic maritime industry as not serving any national security purpose . Republican lawmakers have since urged president Trump to restore the Jones Act , calling the waiver "a loophole exploited by adversarial countries to erode America's maritime dominance". Jones Act-compliant shippers have borne the brunt of the encroachment of foreign vessels into the typically US-only space, with June shipments of refined oil products shipped domestically via foreign-flagged vessels totaling 45, more than half of the 81 shipments carried by Jones Act-compliant vessels, Vortexa data show. "The Offshore Marine Service Association (OMSA) is responding to reports that the Trump administration is considering extending the current Jones Act waiver, warning that another extension would only further undermine the domestic maritime industry while continuing to provide no meaningful benefit to American consumers," OMSA said in a 17 July press release. OMSA also emphasized that the Jones Act waivers are intended for national defense and security, not as a recurring commercial policy tool. Criticism that the waiver has unduly affected the same US maritime industry Trump has attempted to galvanize in his second term may be met with geographical restrictions in the potential second waiver extension, however, according to at least one Jones Act market participant. "A geographically boxed-in waiver could take some heat off the administration from the domestic industry compared to a blanket waiver, since it signals that they're trying to preserve the Jones Act fleet's core trading lanes rather than continue to suffocate the US flag owners," a broker familiar with the matter told Argus . A White House official told Argus on 17 July that no decision on a third waiver extension has been made at this time and that further announcements will be made directly by the president or the administration. "President Trump's decisive action to waive the Jones Act has helped prevent supply chain shortages across the country," the official added. By Charlotte Bawol Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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News

OCP, Koch deepen phosphate ties


17/07/26
News
17/07/26

OCP, Koch deepen phosphate ties

London, 17 July (Argus) — Major Moroccan phosphates producer OCP Nutricrops has reported selling a 50pc stake in one of its production units to US trading firm Koch Ag & Energy Solutions. The agreement will forge a 50:50 operating joint venture over the Jorf fertilizers company 1 (JFC 1) unit in Jorf Lasfar, which has a nameplate capacity of 1.2mn t/yr of phosphate-based fertilizers. OCP says that this will bring the total production capacity under its joint ventures with Koch to 2.5mn t/yr following its sale of a 50pc stake in Jorf Fertilizers III — renamed Kofert — to Koch in March 2022. The product from JFC will be marketed globally, but the agreement comes just weeks after the US suspended countervailing duties on imports of Moroccan phosphates for eight months. This has reopened the door to the US market for OCP. JFC 1 is one of many production facilities which OCP operates at its Jorf Lasfar complex. Argus understands that OCP had broadly been operating at around 50pc of its total capacity over June, largely because of a lack of sulphur. The producer is understood to now have enough sulphur to theoretically run at 100pc capacity over July-August. But since the conflict between Iran and the US has re-escalated, and Kazakh sulphur remains out of the market, maintaining sulphur stocks continues to be a challenge for all producers. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Ghana’s PHDC to start phase one build by year end


17/07/26
News
17/07/26

Ghana’s PHDC to start phase one build by year end

Accra, 17 July (Argus) — Ghana's privately-owned Petroleum Hub Development Corporation (PHDC) is set to start first phase construction of its $60bn 900,000 b/d refinery project by the end of the year, the company's operations and technical director Kwabena Owusu Abrokwa told Argus on the sidelines of the GhIPCON conference in Accra. PHDC is waiting for compensation to be paid out by the state to those affected by the acquisition of land for the project, Abrokwa said. After that process is completed this year, construction should begin at the site for the first phase of the petroleum hub project by year-end. The first of three 300,000 b/d refineries and a 90,000 b/d petrochemical plant are planned in a first phase, along with 3mn m³ of storage tank capacity and a jetty. The first phase will take five years to complete. Initial agreements and contracts are signed for the first phase of the project to begin once land acquisition and compensation processes are resolved. Argus previously reported PHDC signing an initial agreement with Mighty Gager on 17 March to build 2mn t of oil storage tanks. The first phase is "almost taking off in terms of construction", Abrokwa said. The payment of adequate compensation and excess land purchase have been part of the "most significant issue" besetting the project, the company's deputy head Halimatu Sadia Abdulai previously said on 17 March . PHDC reduced the land holdings for the project from 20,000 acres to 12,500 acres in response to local petitioning against its scope, according to Abrokwa. PHDC will retain access to wetlands on the planned site, which the company seeks to preserve, he said. The location of the proposed refining hub in Jomoro, southwest Ghana, will allow the project to accept any sized vessel in the world, Abrokwa said, compared with the existing port of Tema, which serves the state-owned 45,000 b/d Tema and privately-owned 40,000 b/d Sentuo refineries east of Accra. Waters offshore Jomoro are as deep as 27 metres, compared with around 16 metres in Tema, according to Abrokwa. This would allow the refining complex to eventually take any sized crude cargo or load any sized vessel with refined products. Upon completion, the export-oriented PHDC refinery project would seek to supply west Africa and Africa more broadly with refined products from its refining and petrochemical complex, Abrokwa said. Road fuel demand in sub-Saharan Africa is due to rise strongly over the decades ahead because of population growth. Gasoil and gasoline demand are set to rise by 59pc and 50pc, respectively, from 2023 levels to 70mn t/yr and 60mn t/yr, according to consultancy Citac. Ghanaian fuel consumption alone grew by 15.3pc on the year to 4.5bn litres last year, head of Ghana's Chamber of Oil Marketing Companies Riverson Oppong told the conference. Fuel demand growth is strongly correlated to economic growth, where Ghana's economy grew by 6pc in 2025, according to the Ghana Statistical Service. By George Maher-Bonnett Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Burnham confirmed as new UK prime minister from 20 July


17/07/26
News
17/07/26

Burnham confirmed as new UK prime minister from 20 July

London, 17 July (Argus) — Andy Burnham is set to become the UK's next prime minister on 20 July after being confirmed today as leader of the governing Labour Party. Burnham will take office at a time of continued focus on clean energy investment, restrictions on new North Sea oil and gas licensing, and the role of public ownership in UK energy and infrastructure. He will become the sixth UK prime minister since David Cameron stepped down in July 2016 following the Brexit referendum. Ministerial turnover has also been high, with seven finance ministers and eight energy ministers in the same period. Burnham is likely to reshuffle his cabinet once in office. Burnham is taking over after Keir Starmer announced his resignation on 22 June following weeks of pressure from Labour MPs. Burnham returned to parliament through a June by-election and quickly secured overwhelming support from Labour lawmakers to become the party's sole leadership candidate. Broadly centrist in the Labour Party, though to the left of Starmer, Burnham ran for the Labour leadership in 2010 and 2015 before leaving parliament to become mayor of Greater Manchester in northwest England in 2017. He has consistently voted for more powers for devolved regions and local councils. But his parliamentary voting record is dated, following his near-decade as mayor. He was MP for the northwest constituency of Leigh from 2001-17, and became MP for nearby Makerfield following a by-election there last month. Burnham concentrated on local issues as a metropolitan mayor, so lacks a recent record on foreign policy or defence, although he has said he will focus on national security. His voting record from his previous time as an MP was strongly aligned with Labour's, including on energy and climate policy. He was broadly supportive of renewable energy and efforts to tackle climate change during his time in parliament. He has spoken about increasing public control of areas such as water, energy and transport. Starmer's government had already moved in this direction on transport by nationalising some rail providers, and on energy by establishing Great British Energy in 2024 . The publicly owned energy company aims to develop, build and operate "clean" and "homegrown" energy. Starmer's government has stuck to its ambitious decarbonisation agenda since taking power, carrying out much of what it promised in its manifesto. Energy minister Ed Miliband lifted a de-facto ban on onshore wind in his first week in office, and the Labour Party has prohibited new North Sea oil and gas licences, although tie-backs to existing fields are permitted. Miliband and finance minister Rachel Reeves have stressed the importance of stability for long-term investment. The Labour government has secured more than £100bn ($134bn) of private investment in clean energy since it took power in July 2024, Miliband said last month. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Thailand's Bangchak supplies SAF to Thai Airways


17/07/26
News
17/07/26

Thailand's Bangchak supplies SAF to Thai Airways

Singapore, 17 July (Argus) — Thailand's Bangchak supplied blended sustainable aviation fuel (SAF) to Thai Airways, used on a Bangkok-Singapore flight on 16 July. This also marked Bangchak's first SAF sale to an airline. The SAF was produced from Bangchak's Phra Khanong refinery, which came on line in mid-May with a 1mn litre/d (277,400t/yr) production capacity. The plant consumes used cooking oil (UCO) as its primary feedstock, and its production and supply system are certified under internationally-recognised International Sustainability and Carbon Certification (ISCC) Corsia and ISCC EU standards, Bangchak said on 16 July. The SAF was supplied via the pipeline system operated by Bangkok Fuel Pipeline and Logistics (BPT) to Thailand's Suvarnabhumi Airport. It was then delivered to the aviation fuel depot operated by Bangkok Aviation Fuel Services Public Company Limited (BAFS) at the airport, before entering the aircraft refuelling system under the same standards applied to conventional aviation fuel. Bangchak declined to reveal publicly the volumes supplied and the pricing basis which the deal was concluded against. Its refinery had previously shipped out its first SAF cargo in May to a term buyer in Europe, sold on an Argus -linked formula price. Around 9,500t of was SAF exported from Thailand in June, and possibly 10,000t in July, vessel-tracking data from Kpler show. No hydrotreated vegetable oil (HVO) exports have been recorded yet, as Thailand currently restricts HVO exports from the country. Thailand has a voluntary target of 0.5-1pc SAF usage on international routes this year, to rise in stages to 8pc in 2036. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.